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When the government shutdown ended, we saw the market's reaction. The legislative body approved the funding package on Tuesday with a vote of 217-214, and after Trump signs it, the government will reopen. Shortly after, there was some relief in the crypto market, but the panic sell-offs experienced earlier had already had a significant impact.
I saw Bitcoin drop to $74,600 over the weekend, which was the lowest level before the November 2024 election results. Currently, BTC is around $73,920, down 0.63% in the last 24 hours. Ethereum was similarly affected, showing a 2% decline to $2,320. Other major cryptocurrencies like XRP and Solana are also experiencing the same pressure.
The legislative body will continue discussions on additional funding for the Department of Homeland Security in the coming weeks. The stock market was similarly shaken, with the Nasdaq down 2% and the S&P 500 down 1.3%. This once again demonstrated how sensitive the market is to such uncertainties.